The review of key events from "Asyl-Invest" JCS analysts for June 7, 2011

/IRBIS, June 7, 2011/ - "ASYL-INVEST" JCS (Almaty) has provided IRBIS with the review of main events and its investment ideas and forecast for June 7, 2011 Trading on the Kazakhstan stock market on Monday ended with the fall on the negative external background. KASE index on the basis of trades fell by 1.5% to 1,577.35 points. The fall in prices was observed on shares of KKB (-5.3%), Kazakhmys (-2.9%), NSBK (-2.4%), Kazakhtelecom (-1.3%). Activity of market participants was relatively low. The trading volume for shares of KASE index on Monday fell by 2.3% on the previous day and reached 8.7 million tenge. Trading in shares and depositary receipts of Kazakhstan issuers on the London Stock Exchange on Monday ended with multidirectional dynamics. Shares of Kazakhmys added 1.2%, shares of ENRC - 0.4%. KMG GDR rose by 0.3%, GDR of Zhaikmunai decreased by 3.35%. Today, the external background for the Kazakhstani stock market develops moderately negative. Analysts of ASYL INVEST do not exclude the increase of the index today, in the case of the stability of the external background. In addition, analysts of ASYL INVEST note the following events on world markets: - Major U.S. stock indices finished the session with decrease on Monday for the fourth consecutive day amid fears of market participants about the global economic recovery. Sales drew stock indexes to the lowest levels since March 2011. Broad market index, thus, fell below the psychologically important level of 1,300 points. The worst dynamics among the stock market was shown by stocks of oil and gas sector (-2.14%). The fall in prices in this sector was due to lower prices for WTI crude oil below the $100/barr. Further, with a minus sign were shares of financial sector (-1.8%). KBW Bank Index fell to its lowest level from December 2010. Shares of Citigroup (C) on the basis of trades fell by 4.47%, shares of Bank of America (BAC) - by 3.99%, shares of Wells Fargo (WFC) - by 2.23%, shares of Goldman Sachs (GS) - by 1.06%. In general, trading volume on the NYSE on Monday amounted to 959.22 million shares, while turnover - $26.55 billion - Analysts of ASYL INVEST do not exclude the upwards jump of the indices. The background for the U.S. market remains negative. Of the economic statistics in the U.S. today to be published data on the volume of consumer credit for April. - Major stock indexes in Western Europe finished the Monday session with multidirectional dynamics. The British FTSE 100 index finished the session increases the second consecutive day because of the dynamics of mining shares. Shares of Glencore (GLEN) rose by 1.98% after Deutsche Bank analysts recommended to buy the stocks. The remaining major indexes fell on concerns about global economic recovery. - Today in the euro zone will be published data on retail sales for April. In Germany today there are data on industrial orders in April. - Major Asian stock indexes are now showing multidirectional dynamics. Losses are now suffered by shares of commodity companies amid falling prices for oil and copper. Shares of Rio Tinto (RIO) and shares of BHP Billiton (BHP) at auction in Australia lost 0.7% and 1% respectively. July futures for WTI crude oil today are reduced by 0.55%, the July crude oil futures for Brent - by 0.47%. Gold is now showing an increase of 0.02%, silver is reduced by 0.18%. U.S. dollar declines by 0.08% against a basket of currencies. The euro/dollar rises to 0.16%. This material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in this material [2011-06-07]